Optometry Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Optometry Equipment Market Forecast and it is segmented by Type of Examination (Retina Examination, Cornea Examination, and General Examination), End User (Eye Clinic, Hospitals, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market provides the value (in USD million) for the above segments.

Optometry Equipment Market Size

Optometry Equipment Devices Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 4.79 Billion
Market Size (2029) USD 6.51 Billion
CAGR (2024 - 2029) 6.35 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Optometry Equipment Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Optometry Equipment Market Analysis

The Global Optometry Equipment Market size is estimated at USD 4.79 billion in 2024, and is expected to reach USD 6.51 billion by 2029, growing at a CAGR of 6.35% during the forecast period (2024-2029).

COVID-19 had a significant impact on the optometry equipment market. As per the study published in October 2020, titled "The impact of COVID-19 pandemic on ophthalmology services: are we ready for the aftermath?", ophthalmology represented one of the busiest and most heavily outpatient-oriented specialties, with approximately 7.5 million outpatient appointments and more than 500,000 surgical procedures in the United Kingdom each year. The recent pandemic lockdown resulted in the cancellation of thousands of ophthalmic clinical visits and surgeries, which could potentially lead to permanent and significant harm to patients' vision. Even though, owing to teleconsultations and virtual care practices, the demand for optometry equipment is likely to soar to its pre-pandemic levels soon. For instance, as per the article published in January 2021, under the title 'Utility of teleconsultation in accessing eye care in a developing country during COVID-19 pandemic', the digital initiatives were able to partially maintain eye care services during the lockdown. Additionally, focused strategies to improve teleconsultation utilization were required during the pandemic and beyond. Hence, as per the factors mentioned above, COVID-19 had a significant impact on the optometry equipment market.

Some of the factors responsible for the growth of the optometry equipment market include the rising prevalence of eye diseases and technological advancements in the field of optometry equipment. Eye disease is a global health concern that negatively impacts individuals' physical and mental health. In many developed and developing countries, eye conditions have emerged as potential threats. For instance, as per the 2021 update from BrightFocus Foundation, more than 3 million Americans are living with glaucoma, and 2.7 million of whom-aged 40 and older are affected by its most common form, open-angle glaucoma. Moreover, as per the 2022 update from National Eye Institute, between 2010 and 2050, the estimated number of people who have had cataracts is likely to be doubled from 24.4 million to 50 million. Hence, the rising burden of eye-related disorders and increased screening and diagnosis of the same is projecting a great impact on the growth of the market studied.

Furthermore, increased government initiatives and research and development in the field of ophthalmology are fuelling market growth. For instance, as per the July 2021 update from World Health Organization, at the United Nations General Assembly, governments adopted a new resolution pledging further efforts to make eye care services a crucial component of universal health coverage and address the growing impact of vision loss on sustainable development. Moreover, the acquisition merger and product launches in the field of optometry are likely to boost market growth. For instance, in April 2022, Carl Zeiss Meditec acquired two manufacturers of surgical instruments (Kogent Surgical, LLC and Katalyst Surgical, LLC) to further strengthen its positioning as a solution provider. This acquisition is mainly focused to scale the businesses and contribute to its surgical solution offering and add recurring revenue. Hence, such strategic company acquisitions and government initiatives are projecting a great impact on the growth of the market studied.

As per the aforementioned factors, the optometry equipment market is likely to grow over the forecast period. However, the high cost of eye examination equipment and lack of awareness, and low accessibility to eye care in low-income economies restrain the market growth.

Optometry Equipment Market Trends

This section covers the major market trends shaping the Optometry Equipment Market according to our research experts:

OCT Scanner Segment is Expected to Hold Significant Market Share Over the Forecast Period

Optical coherence tomography (OCT) is a non-invasive imaging test that uses light waves to take cross-section pictures of the retina. The primary factors attributed to the major revenue are due to the growing prevalence of eye conditions, such as glaucoma, scotoma, and other retinal diseases.

The high prevalence of retinal diseases, and the presence of competitors. Product launches mergers, acquisitions, and research relating to optical coherence tomography fuel the market growth. For instance, in July 2021, Canon launched Xephilio OCT-S1, a wide-field swept-source Optical Coherence Tomography (OCT) capable of capturing high-resolution images of up to 23 x 20 mm in a single scan. The product was unveiled to the eyecare medical practitioners at the Asia Pacific Association of Cataract and Refractive Surgeons- Singapore National Eye Centre (APACRS-SNEC) joint event. Canon's deep scanning swept-source technology enables it to operate at an extremely wide angle of around 80 degrees.

Furthermore, as per the article published in August 2022 under the title 'Advances in Optical Coherence Tomography Imaging Technology and Techniques for Choroidal and Retinal Disorders', to overcome several shortcomings in the present practices for treating choroidal and retinal illnesses, OCT technology is used. These developments are likely to aid in the development of fundamental scientific research and the comprehension of the pathophysiology of chorioretinal disorders. These applications can assist in the detection and monitoring of retinal illnesses with OCT capabilities at the periphery, as demonstrated by technologies like ultrawide-field OCT.

Hence as per the factors mentioned above, OCT Scanner is expected to drive the segment growth over the forecast period.

Optometry Equipment Devices Market : Prevalence of Glaucoma (in Million), United States, 2020-2040

North America Dominates the Optometry Equipment Market and Excepted to do Same in the Forecast Period

Some of the factors driving the market growth in the North American region include increasing incidence rates of eye diseases and the rising aged population, highly developed healthcare infrastructure, and the presence of key market players in the region.

In 2021, the Canadian Ophthalmological Society, during Glaucoma Awareness Month, stated that glaucoma affects more than 800,000 Canadians every year. In the awareness month, facts, like the rising aging population in Canada, lead to an increase in the burden of the disease, and it was stated that glaucoma has the potential to become an epidemic in Canada in the coming years, which is expected to boost the market growth. Additionally, as per a study published in the Investigative Ophthalmology & Visual Science in June 2020, in Mexico by 2030, the number of people with glaucoma is estimated to reach 1.06 million, increasing to 1.27 million in 2040 and to 1.43 million in 2050. Moreover, The market players adopted various strategies, such as product launches, developments, acquisitions, collaborations, mergers, and expansions, to increase market share. For instance, in September 2020, Topcon launched the Aladdin-M software in the United States market. The software measures corneal curvature, pupil dynamics, and axial length metrics and incorporates features for keratoconus screening.

Increased Government initiatives, research and developments, and implementation of digital healthcare systems boost the market growth over the forecast period. For instance, as per the news published in June 2022 in National Eye Institute (NEI), researchers from the National Eye Institute (NEI) have identified a new disease that affects the macula, a small part of the light-sensing retina needed for sharp, central vision. Scientists reported their findings on the novel macular dystrophy, which is yet to be named. Hence these types of research increase the adoption of optometry equipment thereby boosting the market growth.

Optometry Equipment Market- Growth Rate By Region

Optometry Equipment Industry Overview

The Optometry Equipment Market is moderately competitive and consists of various small and large surgical/medical device manufacturing companies offering products for ophthalmic diagnostics and treatments. Some market players include Alcon, Carl Zeiss Meditec AG, Canon Inc., Heidelberg Engineering GmbH (Heidelberg Engineering Inc.), and NIDEK CO. LTD, among others.

Optometry Equipment Market Leaders


  2. Carl Zeiss Meditec AG

  3. Alcon

  4. Canon Inc.

  5. Heidelberg Engineering GmbH (Heidelberg Engineering Inc.)

*Disclaimer: Major Players sorted in no particular order

Optometry Equipment Devices Market Concentration
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Optometry Equipment Market News

  • In July 2022, a mobile van was launched by Sightsavers under its National Truckers Eye Health Programme with the support of Cholamandalam Investment and Finance Company Limited (Chola) in Delhi-NCR to provide eye care services to the truckers' community. The van is equipped with the necessary tools and supplies, specifically an ophthalmoscope, a retinoscope, trial lenses, trial frames, a lensometer, vision charts, an occluder, and a drum for vision testing.
  • In March 2022, Epipole, an emerging provider of world-class handheld fundus cameras, launched its new epiCam fundus camera at the Vision Expo East 2022 in New York City. The epiCam is a high-powered, ultra-portable, wireless fundus camera, that captures live high-resolution video footage of the living retina, along with the accompanying still images, using epipole's new video direct ophthalmoscopy (VDO) platform.

Optometry Equipment Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Prevalence of Eye Diseases

      2. 4.2.2 Technological Advancements in Ophthalmic Devices

      3. 4.2.3 Increasing Government Initiatives to Control Visual Impairment

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Eye Examination Equipment

      2. 4.3.2 Lack of Awareness and Low Accessibility to Eye Care in Low-income Economies

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 5.1 By Type of Examination

      1. 5.1.1 Retina Examination

        1. OCT Scanner

        2. Fundus Camera

        3. Visual Field Analyzer

        4. Ophthalmoscope

        5. Retinoscope

      2. 5.1.2 Cornea Examination

        1. Wavefront Aberrometer

        2. Specular Microscope

        3. Other Cornea Examinations

      3. 5.1.3 General Examination

        1. Autorefractor

        2. Ophthalmic Ultrasound System

        3. Tonometer

        4. Phoropter

        5. Keratometer

        6. Lensometer

        7. Other General Examinations

    2. 5.2 By End User

      1. 5.2.1 Eye Clinic

      2. 5.2.2 Hospital

      3. 5.2.3 Other End Users

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Alcon

      2. 6.1.2 Canon Inc.

      3. 6.1.3 Carl Zeiss Meditec AG

      4. 6.1.4 Bausch Health Companies Inc (Bausch + Lomb)

      5. 6.1.5 Essilor Luxottica (Essilor International SA)

      6. 6.1.6 Johnson & Johnson

      7. 6.1.7 Heidelberg Engineering GmbH (Heidelberg Engineering Inc.)

      8. 6.1.8 HEINE Optotechnik

      9. 6.1.9 Nidek Co. Ltd

      10. 6.1.10 Halma plc (Keeler Ltd)

      11. 6.1.11 Revenio Group PLC (iCare Finland OY)

      12. 6.1.12 AMETEK PIP Holdings, Inc (Reichert Technologies)

      13. 6.1.13 Oculus Inc.

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Optometry Equipment Industry Segmentation

As per the scope of the report, optometry equipment is used to examine, diagnose, and manage diseases and disorders of the visual system, the eye, and deformities associated with eye structures and diagnose eye-related systemic disorders. The optometry equipment includes a set of equipment used for cornea and cataract examination and retina and glaucoma examination purposes. The Optometry Equipment Market is segmented by Type of Examination (Retina Examination, Cornea Examination, and General Examination), End User (Eye Clinic, Hospitals, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Type of Examination
Retina Examination
OCT Scanner
Fundus Camera
Visual Field Analyzer
Cornea Examination
Wavefront Aberrometer
Specular Microscope
Other Cornea Examinations
General Examination
Ophthalmic Ultrasound System
Other General Examinations
By End User
Eye Clinic
Other End Users
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America
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Optometry Equipment Market Research FAQs

The Global Optometry Equipment Market size is expected to reach USD 4.79 billion in 2024 and grow at a CAGR of 6.35% to reach USD 6.51 billion by 2029.

In 2024, the Global Optometry Equipment Market size is expected to reach USD 4.79 billion.

NIDEK CO. LTD, Carl Zeiss Meditec AG, Alcon, Canon Inc. and Heidelberg Engineering GmbH (Heidelberg Engineering Inc.) are the major companies operating in the Global Optometry Equipment Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Optometry Equipment Market.

In 2023, the Global Optometry Equipment Market size was estimated at USD 4.5 billion. The report covers the Global Optometry Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Optometry Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Optometry Equipment Industry Report

Statistics for the 2024 Optometry Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Optometry Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Optometry Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)